Japan · Nation Thailand
BOJ deputy governor keeps September rate rise under consideration
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Ryozo Himino, deputy governor of the Bank of Japan ( BOJ ), highlighted upside risks to prices on Thursday (August 27) while keeping open the possibility of an interest-rate increase in September.
Key facts
- We need to be even more mindful of upside risks to prices, given that the underlying inflation rate is approaching (the BOJ’s inflation target of) 2%,”
- We hope to steer monetary policy appropriately to bring the underlying inflation rate to 2%.”
- He was speaking at a press conference in Saitama, near Tokyo.
- June’s increase in the policy rate to 1% was another subject raised at the press conference, with Himino asked whether its effects could yet be assessed.
Summary
He was speaking at a press conference in Saitama, near Tokyo.
“We need to be even more mindful of upside risks to prices, given that the underlying inflation rate is approaching (the BOJ’s inflation target of) 2%,” Himino said.